Before deciding to liquidate assets, entrepreneurs should consider alternative options:
Restructuring: Restructuring the business, renegotiating debts, or seeking new investment can sometimes provide a way out of financial difficulties without liquidating assets. Merger or Acquisition: Selling the business or merging with another company can provide a better return than liquidating assets piecemeal. Leaseback Agreements: Leasing back sold assets can keep the business operational while raising funds.